Audit Committee: Alleged Fraud, Now What? - podcast episode cover

Audit Committee: Alleged Fraud, Now What?

Jul 03, 202435 minSeason 1Ep. 78
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Episode description

Key Takeaways:

  • Audit Committees should have a playbook when allegations of fraud arise.
  • The Audit Committee’s response level to a particular allegation will depend on the scope of the allegation and the corporate environment.
  • Determining when an independent investigation is necessary and how independent it needs to be is determined by the context of fraud allegations.
  • Timeliness is critical.
  • Care should be taken in communicating with stakeholders.
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